Former Memorial Health System CEO Larry McEvoy will get to keep all of his $1.15 million severance package. After an hours-long closed session yesterday, City Council decided there was little it could do to alter the compensation package – which includes 18 months’ salary, a company car, $20,000 in outplacement services and cash in lieu [...] [...]
Details of Memorial Health System’s proposed 40-year lease to University of Colorado Health will be made public June 11 during an informal City Council meeting. Council made the announcement today, and also said comment about the proposed lease will be heard at that meeting, as well as during Council’s June 12 formal meeting. Under its initial [...] [...]
Vic Johnson of Manitou Springs was a man with ideas. “I knew one of them would float to the top,” Johnson said. Now he’s a man with a growing business. He launched PVC Bendit a year ago. The growth started off slow, but has been picking up speed recently. Johnson is selling about 100 PVC [...] [...]
Houghton Mifflin Harcourt Publishers Inc. has filed for Chapter 11 bankruptcy protection after reaching an agreement to eliminate $3.1 billion of its debt. The textbook publisher’s move Monday came as little surprise as it announced earlier in the month that it was planning to reorganize under a prepackaged bankruptcy plan. Such plans are [...] [...]
Colorado Springs entrepreneur and investor Jan Horsfall is the new CEO of Spectware Inc., a company that develops crane inspection software. Horsfall takes the reins of the local firm as the company prepares to roll out version 2.0 of its mobile application for managing and inspecting heavy equipment cranes. Horsfall is the former vice president [...] [...]
City officials announced over the weekend that they have hired a city clerk, a position that has been without a permanent appointment since July when former City Clerk Kathryn Young retired. Sarah Johnson was chosen after a two-month recruitment period in which more than 97 people applied, officials said. Johnson has 18 years of elections [...] [...]
Businesses are likely to see their water bills increase 8.6 percent during 2013 and again in 2014, and as much as 5 percent in 2015 as Colorado Springs Utilities seeks to offset costs for the mammoth Southern Delivery System. Residential rates are likely to increase as much as 10 percent during 2013 and 2014 and 5 [...] [...]
by Associated Press Published: May 18,2012
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Facebook is updating its status to “public company” as its stock jumps in its debut on the Nasdaq Stock Market. The stock opened at $42.05 on Friday morning. It later settled at $39. CEO Mark Zuckerberg smiled as rang the opening bell from Facebook’s headquarters in Menlo Park, Calif. Surrounded by cheering Facebook [...] [...]
by Associated Press Published: May 18,2012
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A measure to increase tax rebates an incentives for film production in Colorado will be signed into law. The new law will increase the tax incentive the state gives production companies from 10 percent to 20 percent. The refund is given to filmmakers to help offset costs for in-state expenditures. Colorado’s new [...] [...]
Frontier Airlines will add nonstop service to Orlando, Fla., and San Diego from Colorado Springs, and there could be more nonstop flights to major cities in the works. The airline now has seven nonstop flights from the Springs. It’s part of Frontier Airlines new business model in which the company has dubbed Colorado Springs a [...] [...]
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